In this constellation, neither the Americans nor the Chinese see Europe as a single, coherent partner. The G20 seems to be gaining acceptance as a new institutional framework for global collective action, at least in financial and economic policy. But it is just that: a framework. To make such frameworks work, you always need, behind the scenes, a strategic coalition of major players. Increasingly, here in Beijing as well as in Washington, one hears talk of a "G2" inside the G20. G2 means the US and China. Yet it's the EU, not China, that has an economy the size of the United States'. Especially in economic policy, the strategic coalition should be G3. But where is Europe?